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Huaneng Power International, Inc. 2017 Three Months Net Profit Attributable To Shareholders Decreased By 86.97%

2017-04-25 21:59
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BEIJING, April 25, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the three months ended March 31, 2017.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 37.577 billion for the first quarter of 2017, representing an increase of 7.54% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 0.652 billion, representing a decrease of 86.97% over the same period last year. The decrease is mainly attributable to the increase of fuel price.

To view the full earnings tables click here.

Encl: The unaudited summary financial information of the Company for the three months ended March 31, 2017. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with the Accounting Standards for Business Enterprises of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.  

About the Company

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 101,270 MW and equity-based generation capacity of 89,486MW. Its power plants are located in 24 provinces, municipalities and autonomous regions in China. It also has a wholly-owned power company in Singapore.

For enquiries, please contact:

Huaneng Power International, Inc. 

Ms. MENG Jing / Ms. ZHAO Lin

Tel:

(8610) 6608 6765 / 6322 6596

Fax:

(8610) 6641 2321

Email:

zqb@hpi.com.cn  

 

Wonderful Sky Financial Group Limited

Ms. Iris Au Yeung / Ms. Tiffany Ruan / Ms. Echo Ma

Tel:

(852) 2851 1038

Fax: 

(852) 2865 1638

Email:

po@wsfg.hk / tiffanyruan@wsfg.hk / echoma@wsfg.hk

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-2017-three-months-net-profit-attributable-to-shareholders-decreased-by-8697-300445206.html

Source: Huaneng Power International, Inc.

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